Page 98 - CCA Platinum Policy Wording

Motor – Third party, fire and theft
HOW MUCH WE PAY
Repairing or replacing your vehicle
We will not pay more than the sum insured stated in the schedule or the retail value whichever the lesser.
Do we fix the car or pay you out?
Once we have assessed your damaged vehicle following theft or fire, we may repair it if it makes economic sense – or we may pay you its retail value according to the Auto Dealers or Commercial Vehicle Guide (published by TransUnion Auto (Pty) Ltd).
If your vehicle is more than 12 months old
If your vehicle is more than 12 months old and cannot be repaired, we will pay you its retail value according to the Auto Dealers or Commercial Vehicle Guide (published by TransUnion Auto (Pty) Ltd).
If your vehicle is less than 12 months old
If you are the first registered owner of your vehicle, and it is less than 12 months old with less than 30 000 km on the odometer, we may replace it with a similar vehicle or pay you the list price of a new one. This also applies when your vehicle is a write-off due to fire, or has been stolen.
If a part is not available
If a part needed for the repair of your vehicle isn’t available in South Africa as a standard (ready-made) part, we will pay an amount equal to the value of that part. We will also pay all reasonable costs to transport the part (but not by air).
You always pay the first amount, or excess
You will always have to pay the first part of any claim settlement. This is known as the excess, and is listed in your excess schedule.
Example
If you successfully claim R10 000 for the repair of your car, and the excess for that claim is R1 000, your net pay-out from us will be R9 000.
96 HBM – CC&A Plain Language – 23 June 2014